FOR IMMEDIATE RELEASE
Vancouver, British Columbia - March 6, 2013 OnPayroll.ca has completed a third party examination under standards established by the American Institute of Certified Public Accountants (AICPA).
SSAE 16, Reporting controls at a Service Organization (AICPA, Professional Standards) is an attestation standard that establishes the requirements and guidance for reporting on controls at a service organization relevant to user entities' internal controls over financial reporting. ISAE is the international attestation.
OnPayroll.ca is the first Independent Payroll Service bureau in Canada to successfully complete a Type 2 ISAE 3402/SSAE 16 examination. Bill Smyth, President of OnPayroll.ca commented, "I'm extremely proud of achieving the Type 2 attestation and being the first in Canada to do it."
The examination completed in February 2013, was a Type 2 SSAE 16/ISAE 3402 examination and covered a period of six months. Areas of operations covered include: Physical Security, Environmental Security, Computer Operations, Information Security, Data Communications, Client Implementation, Payroll Processing and Reporting, Tax Payment and Filing, Third Party payments, Cheque Printing, and Direct Deposits . The examination was carried out by the Service Auditor, BrightLine CPAs & Associates, Inc. The resulting report concluded that OnPayroll.ca had no exceptions in the established control activities and provides reasonable assurance of practices of integrity, security, accuracy, timely and completeness that are suitably designed to meet the information technology and business process areas previously mentioned.
The achievement of this milestone is particularly important for OnPayroll.ca as a large portion of its clients are internationally based public companies with operations in Canada, many of whose auditors rely on such attestations. Completion of the ISAE 3402 examination signifies that OnPayroll.ca has established a consistent set of processes and procedures utilized in the management of its clients' payrolls.
OnPayroll.ca Corp., founded in 1989, provides a highly personalized and customized Canadian Payroll and Human Resource solution to small and medium sized businesses doing business in Canada. Clients presently serviced originate in the UK, Australia, New Zealand, India and the United States as well as in Canada. Additional services include Time and Attendance, Benefits management, Extended Health and Retirement Programs.